CBN Instructs Banks To Open Dedicated Teller Points For PTA, School fees etc.


Nairametrics| The Central Bank of Nigeria has issued a new circular to banks instructing them to open teller points in all locations to improve the access of Forex.

Nairametrics went to some banking locations last week and observed most banks still did not have forex available to sell to Nigerians in their locations.

The CBN also asked banks to have electronic displays and also ensure transactions are treated within 24 hours of applications.

See press release below;

Download (PDF, 190KB)

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

What's your say?